Scottish mansion valued at £8million is sold for just £1million

PROPERTY experts said the White House at Gleneagles was a bargain when it went on the market three years ago because it cost 90 per cent less per square foot than high-end London homes.

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White House at Gleneagles

A MANSION touted as Scotland’s most expensive new home sold for less than £1million – £7million below the original asking price.

Property experts said the White House at Gleneagles was a bargain when it went on the market three years ago because it cost 90 per cent less per square foot than high-end London homes.

The 13,000 sq ft mansion was marketed at foreign golf fans as it sits in the exclusive Queen’s Crescent on Gleneagles Hotel’s estate. It was to come with half an acre of land, a swimming pool and a soundproof cinema but it was never completed and was repossessed by a bank in 2013.

The home – with two years membership of Gleneagles resort – has since sold to a local businessman for £861,888.

Check out Scotland's most expensive houses up for sale in Scotland in the gallery below.